Q293
The liability of a partnership in respect of the debts of the firm is limited to
A.
Upto the amount of his capital in the firm
B.
Upto the amount of his own capital and personal assets in the firm
AnswerC.
His capital in the firm and the amount of loans given to the firm
D.
Upto the amount assured to cover the losses
Answer: Option B
Solution
Answer: Option B
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